Leasehold Interests Generally. The Mortgagor shall (i) promptly perform and observe all of the terms, covenants and conditions required to be performed and observed by the Mortgagor under the Lease and do all things necessary to preserve and to keep unimpaired its rights thereunder, (ii) promptly notify the Mortgagee of any default by the Mortgagor under the Lease in the performance of any of the terms, covenants or conditions on the part of the Mortgagor to be performed or observed thereunder or of the giving of any notice by the lessor to the Mortgagor of any default under the Lease or of the lessor’s intention to exercise any remedy reserved to the lessor thereunder and (iii) promptly cause a copy of each such notice given by the lessor under the Lease to the Mortgagor to be delivered to the Mortgagee.
Leasehold Interests Generally. The Mortgagor shall timely perform and observe all of the terms, covenants and conditions required to be performed and observed by the Mortgagor under the Leases, the failure of which to perform or observe could reasonably be expected to result in a material adverse effect on the Mortgage Estate, and do all things necessary to preserve and to keep unimpaired its rights thereunder, (ii) promptly notify the Mortgagee of any default by the Mortgagor under any Lease in the performance of any of the terms, covenants or conditions on the part of the Mortgagor to be performed or observed thereunder or of the giving of any notice by the lessor to the Mortgagor of any default under any Lease or of the lessor’s intention to exercise any remedy reserved to the lessor thereunder, and (iii) promptly cause a copy of each such notice given by the lessor under any Lease to the Mortgagor to be delivered to the Mortgagee.
Leasehold Interests Generally. The Mortgagor shall (i) timely perform and observe all of the terms, covenants and conditions required to be performed and observed by the Mortgagor under the Lease and do all things reasonably necessary to preserve and to keep unimpaired its rights thereunder, except to the extent that failure to perform, observe or do such things could not reasonably be expected to have a Material Adverse Effect, (ii) promptly notify the Mortgagee of any default by the Mortgagor under the Lease in the performance of any of the terms, covenants or conditions on the part of the Mortgagor to be performed or observed thereunder or of the giving of any notice by the lessor to the Mortgagor of any default under the Lease or of the lessor's intention to exercise any remedy reserved to the lessor thereunder, provided that the same could not reasonably be expected to result in a Material Adverse Effect, and (iii) promptly cause a copy of each such notice given by the lessor under the Lease to the Mortgagor to be delivered to the Mortgagee.
